PDA

View Full Version : Resale unit at Goodwood Grand sets new price high of $2,892 psf



New Reporter
07-07-23, 11:51
Resale unit at Goodwood Grand sets new price high of $2,892 psf

July 7, 2023

https://i.imgur.com/TfTbBb7.jpg

The sale of a 1,227 sq ft, three-bedroom unit at Goodwood Grand for $3.55 million ($2,892 psf) on June 16 topped the list of new psf-price highs from June 16 to June 23. The previous record psf-price at Goodwood Grand had only been set on April 20 this year when a three-bedder of the same size changed hands for $3.45 million ($2,812 psf).

Goodwood Grand is a freehold condo on Balmoral Road in prime District 10. A joint venture by Tong Eng Group (50%), the Ng Family of Clarus Corp (20%) and mainboard-listed construction group Tiong Seng Holdings (30%), the development was completed five years ago in 2017.

The 75-unit project comprises 65 condo units in seven 13-storey blocks and eight strata bungalows. The condo units are a mix of two- to four-bedroom units of 775 sq ft to 3,111 sq ft, while the bungalows are between 5,167 sq ft and 5,479 sq ft.

A mix of upmarket boutique condos and landed housing enclaves characterises the Balmoral Road neighbourhood. Nearby freehold developments include Volari on Balmoral Road, Balmoral Crest, Balmoral Spring and Goodwood Gardens on Balmoral Crescent. Landed houses in the area include Goodwood Hill and the Good Class Bungalows at Nassim Road and White House Park.

Based on URA caveats, Goodwood Grand recorded a spike in sales transactions after its completion in June 2017. Only 44% of the project had been sold a month earlier, but sales picked up considerably over the following three months to rack up a cumulative take-up rate of 85% by August 2017.

The most expensive condo unit at Goodwood Grand was a 3,111 sq ft, four-bedroom unit on the 12th floor that was sold by the developers for $6.5 million ($2,089 psf) in March 2014. This was followed by a 2,142 sq ft, three-bedder on the 12th floor that was sold for $4.69 million ($2,190 psf) when the developer sold it in October 2017.

More at: https://www.edgeprop.sg/property-news/resale-unit-goodwood-grand-sets-new-price-high-2892-psf